take down the marginal tax rate and plugs loopholes. they're keeping, essentially, the same tax structure as they had in the past. all they're doing, essentially, is raising that tax structure. and i'll tell you, there are people in france right now, there's a debate going on right now whether they should be raising those taxes on the rich. obviously, they're going to do it anyway because there are not enough of them to debate. but it's a bad situation over there. and peter's right. if you look at the global economy, what are the drags on the global economy? okay, china's not going to grow forever, but it's still pretty good. india, still pretty good. it's europe and potentially the u.s. business profits are projected to go down year-over-year. that is really bad. first time since 2009, by the way. jenna: and is that all because of europe, just real quick, carly? >> no, a lot of things. it's tax increases, it's pessimism about the future, it's obamacare, other things, fiscal cliff -- jenna: there's a lot of variables. >> yes. jenna: there is a lot of variables, we don't have control over the entire world.